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A comment on SVB's programmatic payment systems are back online. Parent comment

Re:SVB's programmatic payment systems are back online by jacooper on Monday March 13, 2023 @11:58AM (#35137524)
So the new DIND bank created by the FDIC is an actual bank? Not just some kind of temporary org until everyone withdraws their money?
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Re:SVB's programmatic payment systems are back online by chatmasta on Monday March 13, 2023 @12:00PM (#35137556)
It's quite bizarre and I'm also wondering this. I have no idea if it's possible to deposit into SVB. But they claim that the bank is operating normally.
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Re:SVB's programmatic payment systems are back online by dgacmu on Monday March 13, 2023 @01:01PM (#35138649)
Yes. The bank is now a bridge bank: https://www.fdic.gov/news/press-releases/2023/pr23019.html

This is a mostly fully functional bank designed to help smooth the transition for depositors away from SVB to their new permanent homes.

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Re:SVB's programmatic payment systems are back online by invokestatic on Monday March 13, 2023 @12:51PM (#35138454)
The DINB, as I understand it, is now closed and all assets moved to a new entity called Silicon Valley Bank, NA which is a “bridge bank” operated by the FDIC and should operate like any other bank does. Until another bank buys it.
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